Ally Financial (ALLY) Suspends Share Buyback Plan

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Go back to Ally Financial (ALLY) Suspends Share Buyback Plan

Ally Announces Suspension of Share Repurchase Program

March 17, 2020 1:50 PM EDT

CHARLOTTE, N.C., March 17, 2020 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today announced that it will suspend its repurchases of common stock for the remaining period of the first quarter and second quarter of 2020.

Ally is committed to 'Do It Right' for its stakeholders and is actively supporting customers, employees, and communities in this unprecedented environment. This voluntary action is being taken to support the Federal Reserve's effort to mitigate the impact of the COVID-19 pandemic on the U.S. economy and... More